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Partners' Capital and Distributions
3 Months Ended
Mar. 31, 2021
Partners' Capital Notes [Abstract]  
Partners' Capital and Distributions Partners’ Capital and Distributions
 
Units Outstanding
 
The following tables present the activity for our preferred and common units:

 Limited Partners
 Series A Preferred UnitsSeries B Preferred UnitsCommon Units
Outstanding at December 31, 202071,090,468 800,000 722,380,416 
Repurchase and cancellation of common units under Common Equity Repurchase Program (1)
— — (350,000)
Issuances of common units under equity-indexed compensation plans— — 25,431 
Outstanding at March 31, 202171,090,468 800,000 722,055,847 
 
 Limited Partners
 Series A
Preferred Units
Series B
Preferred Units
Common Units
Outstanding at December 31, 201971,090,468 800,000 728,028,576 
Issuances of common units under equity-indexed compensation plans— — 24,431 
Outstanding at March 31, 202071,090,468 800,000 728,053,007 
(1)Trades for these units were executed in late December 2020, but settled in early January 2021.

Distributions

Series A Preferred Unit Distributions. The following table details distributions to our Series A preferred unitholders paid during or pertaining to the first three months of 2021 (in millions, except per unit data):

Series A Preferred Unitholders
Distribution Payment DateCash DistributionDistribution per Unit
May 14, 2021 (1)
$37 $0.525 
February 12, 2021$37 $0.525 

(1)Payable to unitholders of record at the close of business on April 30, 2021 for the period from January 1, 2021 through March 31, 2021. At March 31, 2021, such amount was accrued as distributions payable in “Other current liabilities” on our Condensed Consolidated Balance Sheet.

Series B Preferred Unit Distributions. Distributions on our Series B preferred units are payable semi-annually in arrears on the 15th day of May and November. The following table details distributions to be paid to our Series B preferred unitholders (in millions, except per unit data):

Series B Preferred Unitholders
Distribution Payment DateCash Distribution Distribution per Unit
May 17, 2021 (1)
$24.5 $30.625 

(1)Payable to unitholders of record at the close of business on May 3, 2021 for the period from November 15, 2020 through May 14, 2021.

At March 31, 2021, approximately $18 million of accrued distributions payable to our Series B preferred unitholders was included in “Other current liabilities” on our Condensed Consolidated Balance Sheet.

Common Unit Distributions. The following table details distributions to our common unitholders paid during or pertaining to the first three months of 2021 (in millions, except per unit data):

DistributionsCash Distribution per Common Unit
Common UnitholdersTotal Cash Distribution
Distribution Payment DatePublicAAP
May 14, 2021 (1)
$86 $44 $130 $0.18 
February 12, 2021$86 $44 $130 $0.18 

(1)Payable to unitholders of record at the close of business on April 30, 2021 for the period from January 1, 2021 through March 31, 2021.

Noncontrolling Interests in Subsidiaries
During the three months ended March 31, 2021, we paid distributions of $6 million to noncontrolling interests in Red River Pipeline Company LLC.